Lidar market expected to reach US$2b by 2023

According to a comprehensive new market research report, the overall Lidar market is expected to reach over US$1.8 billion by 2023, up from US$819.1 million in 2018, at a CAGR of 17.2%. Encouragement from the governments and institutes for the adoption of Lidar while conducting geological surveys is the major factor driving the growth of this market.